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    • February 12, 2011 at 9:19 PM #18520
      fun4vnay2
      Participant

      Guys,
      Mortgage rates are going up gradually now.
      Do yo see the corresponding decrease in home prices as well ?

      I can see/feel many buyers who can afford a given price range 6 mos ago can’t afford the same price range because of mortgage rate going up..

    • February 12, 2011 at 9:27 PM #665477
      SD Realtor
      Participant

      I think a 6% rate is a barrier that tends to start to have a pretty tangible effect. Ultimately it makes no sense that there is a given “number” but I still think there is something there. Nonetheless we have seen rates move up almost 20% in the last 90 days. If we see that again then yes I do think you will see an effect. There is a lag time but it still happens.

      • February 12, 2011 at 9:39 PM #665507
        jpinpb
        Participant

        I was always of the belief that rising rates will bring lower prices. {sigh} After the thread I just started, I won’t be surprised to see prices to drop. Would be my luck.

      • February 12, 2011 at 9:39 PM #665570
        jpinpb
        Participant

        I was always of the belief that rising rates will bring lower prices. {sigh} After the thread I just started, I won’t be surprised to see prices to drop. Would be my luck.

      • February 12, 2011 at 9:39 PM #666168
        jpinpb
        Participant

        I was always of the belief that rising rates will bring lower prices. {sigh} After the thread I just started, I won’t be surprised to see prices to drop. Would be my luck.

      • February 12, 2011 at 9:39 PM #666303
        jpinpb
        Participant

        I was always of the belief that rising rates will bring lower prices. {sigh} After the thread I just started, I won’t be surprised to see prices to drop. Would be my luck.

      • February 12, 2011 at 9:39 PM #666640
        jpinpb
        Participant

        I was always of the belief that rising rates will bring lower prices. {sigh} After the thread I just started, I won’t be surprised to see prices to drop. Would be my luck.

    • February 12, 2011 at 9:27 PM #665540
      SD Realtor
      Participant

      I think a 6% rate is a barrier that tends to start to have a pretty tangible effect. Ultimately it makes no sense that there is a given “number” but I still think there is something there. Nonetheless we have seen rates move up almost 20% in the last 90 days. If we see that again then yes I do think you will see an effect. There is a lag time but it still happens.

    • February 12, 2011 at 9:27 PM #666138
      SD Realtor
      Participant

      I think a 6% rate is a barrier that tends to start to have a pretty tangible effect. Ultimately it makes no sense that there is a given “number” but I still think there is something there. Nonetheless we have seen rates move up almost 20% in the last 90 days. If we see that again then yes I do think you will see an effect. There is a lag time but it still happens.

    • February 12, 2011 at 9:27 PM #666274
      SD Realtor
      Participant

      I think a 6% rate is a barrier that tends to start to have a pretty tangible effect. Ultimately it makes no sense that there is a given “number” but I still think there is something there. Nonetheless we have seen rates move up almost 20% in the last 90 days. If we see that again then yes I do think you will see an effect. There is a lag time but it still happens.

    • February 12, 2011 at 9:27 PM #666610
      SD Realtor
      Participant

      I think a 6% rate is a barrier that tends to start to have a pretty tangible effect. Ultimately it makes no sense that there is a given “number” but I still think there is something there. Nonetheless we have seen rates move up almost 20% in the last 90 days. If we see that again then yes I do think you will see an effect. There is a lag time but it still happens.

    • February 12, 2011 at 9:36 PM #665502
      masayako
      Participant

      So far, home price has not dropped corresponding and I don’t think it will during the summer. Unless rate go up dramatically, look 6% plus.

    • February 12, 2011 at 9:36 PM #665565
      masayako
      Participant

      So far, home price has not dropped corresponding and I don’t think it will during the summer. Unless rate go up dramatically, look 6% plus.

    • February 12, 2011 at 9:36 PM #666163
      masayako
      Participant

      So far, home price has not dropped corresponding and I don’t think it will during the summer. Unless rate go up dramatically, look 6% plus.

    • February 12, 2011 at 9:36 PM #666298
      masayako
      Participant

      So far, home price has not dropped corresponding and I don’t think it will during the summer. Unless rate go up dramatically, look 6% plus.

    • February 12, 2011 at 9:36 PM #666635
      masayako
      Participant

      So far, home price has not dropped corresponding and I don’t think it will during the summer. Unless rate go up dramatically, look 6% plus.

    • February 12, 2011 at 11:52 PM #665536
      fun4vnay2
      Participant

      I am kind of looking for a house right now and in last few weeks because of rate increase I personally saw my buying power has gone down..

      • February 13, 2011 at 2:32 AM #665566
        CA renter
        Participant

        Yes, as most people buy with “monthly payment” in mind, a higher rate means you will have to spend less on a house.

        • February 13, 2011 at 9:46 AM #665725
          Scarlett
          Participant

          There will be a few months lag between a rate increase and any drop in price.

        • February 13, 2011 at 9:46 AM #665788
          Scarlett
          Participant

          There will be a few months lag between a rate increase and any drop in price.

        • February 13, 2011 at 9:46 AM #666385
          Scarlett
          Participant

          There will be a few months lag between a rate increase and any drop in price.

        • February 13, 2011 at 9:46 AM #666521
          Scarlett
          Participant

          There will be a few months lag between a rate increase and any drop in price.

        • February 13, 2011 at 9:46 AM #666862
          Scarlett
          Participant

          There will be a few months lag between a rate increase and any drop in price.

      • February 13, 2011 at 2:32 AM #665629
        CA renter
        Participant

        Yes, as most people buy with “monthly payment” in mind, a higher rate means you will have to spend less on a house.

      • February 13, 2011 at 2:32 AM #666227
        CA renter
        Participant

        Yes, as most people buy with “monthly payment” in mind, a higher rate means you will have to spend less on a house.

      • February 13, 2011 at 2:32 AM #666362
        CA renter
        Participant

        Yes, as most people buy with “monthly payment” in mind, a higher rate means you will have to spend less on a house.

      • February 13, 2011 at 2:32 AM #666701
        CA renter
        Participant

        Yes, as most people buy with “monthly payment” in mind, a higher rate means you will have to spend less on a house.

    • February 12, 2011 at 11:52 PM #665600
      fun4vnay2
      Participant

      I am kind of looking for a house right now and in last few weeks because of rate increase I personally saw my buying power has gone down..

    • February 12, 2011 at 11:52 PM #666198
      fun4vnay2
      Participant

      I am kind of looking for a house right now and in last few weeks because of rate increase I personally saw my buying power has gone down..

    • February 12, 2011 at 11:52 PM #666333
      fun4vnay2
      Participant

      I am kind of looking for a house right now and in last few weeks because of rate increase I personally saw my buying power has gone down..

    • February 12, 2011 at 11:52 PM #666670
      fun4vnay2
      Participant

      I am kind of looking for a house right now and in last few weeks because of rate increase I personally saw my buying power has gone down..

    • February 13, 2011 at 11:30 AM #665810
      fun4vnay2
      Participant

      since the rate increased just now, looks like it is prudent to wait for few months before taking the plunge..

      • February 14, 2011 at 2:29 PM #666256
        lepetitangel
        Participant

        Is the interest rate def. trending UP or you think it may stablize in the 4/5 range and come back down a bit?

        Yes I hate the fact that rate’s coming up…makes me wonder if I should wait another 6 months to see if rate comes down a bit or housing price drops.

        • February 14, 2011 at 2:37 PM #666275
          Diego Mamani
          Participant

          Anything below 6% for a 30-year fixed loan is extremely low by historical standards! I’m amazed at people’s short memories! If you want to take out a mortgage, do it now. Even a 7% rate would be below the historical average of 8%-9%.

        • February 14, 2011 at 2:37 PM #666336
          Diego Mamani
          Participant

          Anything below 6% for a 30-year fixed loan is extremely low by historical standards! I’m amazed at people’s short memories! If you want to take out a mortgage, do it now. Even a 7% rate would be below the historical average of 8%-9%.

        • February 14, 2011 at 2:37 PM #666940
          Diego Mamani
          Participant

          Anything below 6% for a 30-year fixed loan is extremely low by historical standards! I’m amazed at people’s short memories! If you want to take out a mortgage, do it now. Even a 7% rate would be below the historical average of 8%-9%.

        • February 14, 2011 at 2:37 PM #667079
          Diego Mamani
          Participant

          Anything below 6% for a 30-year fixed loan is extremely low by historical standards! I’m amazed at people’s short memories! If you want to take out a mortgage, do it now. Even a 7% rate would be below the historical average of 8%-9%.

        • February 14, 2011 at 2:37 PM #667415
          Diego Mamani
          Participant

          Anything below 6% for a 30-year fixed loan is extremely low by historical standards! I’m amazed at people’s short memories! If you want to take out a mortgage, do it now. Even a 7% rate would be below the historical average of 8%-9%.

      • February 14, 2011 at 2:29 PM #666317
        lepetitangel
        Participant

        Is the interest rate def. trending UP or you think it may stablize in the 4/5 range and come back down a bit?

        Yes I hate the fact that rate’s coming up…makes me wonder if I should wait another 6 months to see if rate comes down a bit or housing price drops.

      • February 14, 2011 at 2:29 PM #666920
        lepetitangel
        Participant

        Is the interest rate def. trending UP or you think it may stablize in the 4/5 range and come back down a bit?

        Yes I hate the fact that rate’s coming up…makes me wonder if I should wait another 6 months to see if rate comes down a bit or housing price drops.

      • February 14, 2011 at 2:29 PM #667059
        lepetitangel
        Participant

        Is the interest rate def. trending UP or you think it may stablize in the 4/5 range and come back down a bit?

        Yes I hate the fact that rate’s coming up…makes me wonder if I should wait another 6 months to see if rate comes down a bit or housing price drops.

      • February 14, 2011 at 2:29 PM #667395
        lepetitangel
        Participant

        Is the interest rate def. trending UP or you think it may stablize in the 4/5 range and come back down a bit?

        Yes I hate the fact that rate’s coming up…makes me wonder if I should wait another 6 months to see if rate comes down a bit or housing price drops.

    • February 13, 2011 at 11:30 AM #665871
      fun4vnay2
      Participant

      since the rate increased just now, looks like it is prudent to wait for few months before taking the plunge..

    • February 13, 2011 at 11:30 AM #666468
      fun4vnay2
      Participant

      since the rate increased just now, looks like it is prudent to wait for few months before taking the plunge..

    • February 13, 2011 at 11:30 AM #666606
      fun4vnay2
      Participant

      since the rate increased just now, looks like it is prudent to wait for few months before taking the plunge..

    • February 13, 2011 at 11:30 AM #666946
      fun4vnay2
      Participant

      since the rate increased just now, looks like it is prudent to wait for few months before taking the plunge..

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